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Ethereum Price Analysis: ETH/USD despite Constantinople delay is holding gains

  • Ethereum price on Wednesday is seen holding modest gains of 2.5%.
  • ETH/USD still holding ground despite the delay of Constantinople, until further notice.

 

The Ethereum price into the second half of the session, was seen holding gains of over 2.5% on Wednesday. ETH/USD is holding steady in positive territory, despite the Constantinople upgrade being delayed.

It was announced that their Constantinople upgrade, which has been heavily anticipated, has been delayed, due to a critical vulnerability which was discovered in one of the planned changes. A new fork date will be decided during another Ethereum developer call, scheduled on Friday.

ETH/USD is supported to the upside by an ascending trend line, the price managed to catch some comfort here. This coming after the heavy selling from 10-13th January, before then bouncing off the mentioned support.

 

ETH/USD 4-hour chart

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